FishLog raises seed funding round led by Insignia Ventures Partners

Funding: Indonesian B2B fisheries marketplace FishLog announced an undisclosed seed funding round.

Investors: Led by Insignia Ventures Partners. Arise Ventures, KK Fund, impact investor Ango Ventures, and Indian growth stage startup Captain
Fresh also participated in the round. It also included prominent angels such as Kopi Kenangan Co-founder and CEO Edward Tirtanata, AwanTunai Co-founder Windy Natriavi, Shipper CMO Jessica Hendrawidjaja, and other strategic angel investors from Indonesia.

The plan: The company will use this round of funding to expand its ecosystem of digital-first products and services for fisheries in Indonesia, scale its regional network across the country, enable new partners to join the ecosystem, and build out its team and capabilities.

The company: FishLog was established in 2020 by Bayu Anggara, Reza Fahlepi and Abdul Halim. The company launched a digital platform to improve distribution for fisheries stakeholders including fishermen, processing partners and cold chain logistics, focusing specifically on strengthening distribution to increase volume. Since implementing this model, FishLog said that it has grown almost 20 times revenue year-on-year.

Also Read: The 27 Indonesian startups that have taken the ecosystem to next level this year

DELOS secures US$8M seed funding extension round co-led by MDI-KB’s Centauri Fund, Alpha JWC Ventures

Funding: Indonesian aquaculture startup DELOS announced a US$8 million extension to its seed funding round.

Investors: Co-led by Centauri (a collaborative fund between MDI Ventures and KB Investment) and Alpha JWC Ventures (a leading Southeast Asian VC fund), existing investors Number Capital, Arise, iSeed SEA, Irvan Kolonas, as well as Alto Partners Multi-Family Office, Mahanusa Capital, Kopi Kenangan founder James Prananto, and a number of strategic follow-on investors.

The company: Founded in 2021 by Guntur Mallarangeng, Bobby Indra Gunawan, Alexander Farthing, and Aristya Noerhadi, DELOS aims to drive the growth and modernisation of the Indonesian aquaculture industry. DELOS buiilds data-driven solutions to day-to-day problems faced by shrimp farmers, and the company said that its early traction has proven its effectiveness in optimising farm operations and significantly growing output.

The plan: DELOS to use the funds to accelerate the onboarding of its “vast” backlog of client farms, and continue to build and scale its main products AquaHero, AquaLink, and AquaBank to accelerate the growth of Indonesian aquaculture.

Also Read: A horse of another: Here’s the complete list of Southeast Asia’s 28 unicorns

Animoca Brands co-leads a US$88M funding round of Hex Trust

The funding: Hong Kong-based provider of digital asset custody services Hex Trust has secured US$88 million in a Series B investment round, Asia Tech Daily reported.

The investors: Led by Liberty City Ventures and Animoca Brands, the funding round also included the participation of Ripple, Morgan Creek, Terra, Primavera Venture Partners, and entrepreneur Adrian Cheng. According to Bloomberg, the investment puts the company’s capitalisation to US$300 million.

The company: Hext Trust was founded in 2018 by Alessio Quaglini, Marc Amez-Droz, and Rafal Czerniawski. It is best known for its proprietary bank-grade platform Hex Safe which enables financial companies, digital asset firms, and organisations to access decentralised financing and prime trading solutions.

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Image Credit: FishLog

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